Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

Enterprise Value to EBITDA (EV/EBITDA) 

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Analog Devices Inc., EBITDA calculation

US$ in thousands

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12 months ended: Nov 2, 2024 Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020 Nov 2, 2019
Net income 1,635,273 3,314,579 2,748,561 1,390,422 1,220,761 1,363,011
Add: Income tax expense 142,067 293,424 350,188 (61,708) 90,856 122,717
Earnings before tax (EBT) 1,777,340 3,608,003 3,098,749 1,328,714 1,311,617 1,485,728
Add: Interest expense 322,227 264,641 200,408 184,825 193,305 229,075
Earnings before interest and tax (EBIT) 2,099,567 3,872,644 3,299,157 1,513,539 1,504,922 1,714,803
Add: Depreciation 362,771 334,704 283,338 231,275 233,775 240,677
Add: Amortization of intangibles 1,741,545 1,958,399 2,014,161 843,359 577,148 570,574
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,203,883 6,165,747 5,596,656 2,588,173 2,315,845 2,526,054

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Analog Devices Inc. EBITDA increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Analog Devices Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 115,952,275
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,203,883
Valuation Ratio
EV/EBITDA 27.58
Benchmarks
EV/EBITDA, Competitors1
Advanced Micro Devices Inc. 55.87
Applied Materials Inc. 17.70
Broadcom Inc. 39.06
First Solar Inc. 17.10
Intel Corp. 11.73
KLA Corp. 23.37
Lam Research Corp. 20.42
Micron Technology Inc. 11.97
NVIDIA Corp. 94.95
Qualcomm Inc. 14.32
Texas Instruments Inc. 20.73
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 61.82
EV/EBITDA, Industry
Information Technology 36.79

Based on: 10-K (reporting date: 2024-11-02).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Analog Devices Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Nov 2, 2024 Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020 Nov 2, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 113,932,349 95,938,101 90,858,768 99,766,443 54,668,030 47,157,856
Earnings before interest, tax, depreciation and amortization (EBITDA)2 4,203,883 6,165,747 5,596,656 2,588,173 2,315,845 2,526,054
Valuation Ratio
EV/EBITDA3 27.10 15.56 16.23 38.55 23.61 18.67
Benchmarks
EV/EBITDA, Competitors4
Advanced Micro Devices Inc. 65.81 22.63 34.19 62.10 82.59
Applied Materials Inc. 15.75 11.04 17.54 16.82 14.60
Broadcom Inc. 26.42 13.54 19.72 18.89 16.32
First Solar Inc. 11.52 53.82 7.64 12.99 32.49
Intel Corp. 18.96 6.20 6.02 6.40 8.73
KLA Corp. 24.77 15.67 14.97 19.26 18.10 14.14
Lam Research Corp. 20.93 15.36 11.36 16.94 18.35 10.69
Micron Technology Inc. 12.40 32.38 3.26 6.05 6.46 3.90
NVIDIA Corp. 46.95 95.69 57.58 58.98 52.92 21.08
Qualcomm Inc. 15.19 12.82 7.84 12.76 19.49 10.55
Texas Instruments Inc. 16.36 14.69 15.54 21.75 17.73
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 26.35 14.60 15.47 14.72 11.61
EV/EBITDA, Industry
Information Technology 23.65 18.58 20.64 19.71 14.59

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 113,932,349 ÷ 4,203,883 = 27.10

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Analog Devices Inc. EV/EBITDA ratio decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.